Reverse charge

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Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2013 Is reverse charge applicable in Work contract services if the service receiver is LLP ???

Ganeshbabu K

Ganeshbabu K (Expert)
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06 June 2013 in case of work contract service reverse charge applicable if
service receiver is Business entity registered as body corporate located in the taxable territory.

Please refer below explanation,

1)“Business entity” means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession. Thus, Government, charitable organisation is not ‘business entity’.

2)Body Corporate – Company, LLP, Cooperative Society is Body Corporate – Firm, HUF, Trust is not ‘Body Corporate’ [Society registered under Societies Act is legally not ‘body corporate’].

SO REVERSE CHARGE APPLICABLE TO LLP

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2013 Means Business entity includes Body Corporate and Individual and HUF

Ganeshbabu K

Ganeshbabu K (Expert)
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07 June 2013 Surely as per definition given above.

but to applicable reverse charge under work contract ,,servicer receiver is business entity registered as a body corporate

so reverse charge applicable in your case

if your company or llp

Please refer above replay..clearly given meaning of terms

Thanks & regards

Ganesh babu

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2013 Got it...Thank you

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